Well established free-standing diner on a state highway. Breakfast and lunch each account for approx. 40% of sales. Dinner is about 20%. Good staff, many with over 10 years of service. The seller works less than 20 hrs/ week in the business making it easy for a new owner to take over. Annual revenues are consistently in the high $800's.
- Asking Price:
- $575,000
- Sales Revenue:
- $880,000
- Cash Flow:
- $220,000
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Northern Colorado
- Premises Details:
-
This 2,330 SF free-standing building on a 10,500 SF lot has good parking and visibility from highway. The dining room has approx 95 seats and has recently been remodeled. Fully equipped kitchen. All FF&E included in the sale. There is no leased equipment.
Business Operation
- Expansion Potential:
-
The seller does virtually no advertising. No website. No social media. No coupons. No customer loyalty program. There is an opportunity to grow the business with increased marketing.
- Competition / Market:
-
This is the only American-style diner with waiter / waitress service in the area. In addition to a great location on a state highway (approx. 25,000 vehicles/day), the surrounding area is undergoing a great deal of residential development (median household income approx. $88,000).
- Reasons for selling:
-
Retirement
- Employees:
- 10
- Years established:
- 1990
Other Information
- Support & training:
-
The seller will train the buyer for three weeks after the closing to help with the transition, especially purchasing, payroll and and general management.
- Furniture / Fixtures value:
- $90,000
- Inventory / Stock value:
- $5,000
